@ 4 PM
The minimum requirement was not enough for completing the impulse, and the sideways movement will have to be counted as a 4th wave correction.
The leg up from 1:18 PM breaks out of the range, so it might be a good candidate for micro (v).
@ 1 PM
A close look at the 1-Minute chart reveals a triangle for submicro (iv) , followed by a 5-wave submicro (v). Completing minuette i of Minute 3.
We can also count a 5-wave impulse down from the top followed by a 7-wave corrective wave up .
@ 12 Noon
The minimum requirement was not enough for completing the impulse, and the sideways movement will have to be counted as a 4th wave correction.
The leg up from 1:18 PM breaks out of the range, so it might be a good candidate for micro (v).
A close look at the 1-Minute chart reveals a triangle for submicro (iv) , followed by a 5-wave submicro (v). Completing minuette i of Minute 3.
We can also count a 5-wave impulse down from the top followed by a 7-wave corrective wave up .
The final submicro (v) is not counting very well in this impulse, will give it some more time.
could be a truncated subwave 5. Could be the top of this impulse up from 1296 for now.
ReplyDeleteSubmicro (v) made a new high so it cannot be truncated.
ReplyDeletegood point - lol ... i guess i meant to say weak or stunted or something...
ReplyDeleteHope you like that triangle on the 1-Minute :)
ReplyDeletemicro counts can be tricky...but, yeah...the top could be satisfied for this impulse wave up
ReplyDeleteThat minimum requirement does not look sufficient at this time. The whole sideways movement today may be a combination 4th wave correction.
ReplyDeleteWill just let it play out...